Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. Energy News .




TRADE WARS
Nicaragua, Chinese tycoon say canal work to start in 2014w/lll
by Staff Writers
Managua (AFP) Jan 12, 2014


Nicaraguan President Daniel Ortega and Chinese tycoon Wang Jing on Saturday said plans to start building a $40-billion canal across the Central American country were on track for late 2014.

Wang Jing's Beijing Interoceanic Canal Investment Management Co. has secured the right to dig a waterway in Nicaragua that will rival the Panama Canal and be hugely significant to world trade if it is completed.

Ortega gave the group a concession to operate the future waterway for 50 years, renewable for another 50.

"The Nicaraguan government and HKND Group are pleased to confirm that canal construction work will begin as planned in December 2014," the two said in a brief statement.

Their remarks appeared aimed at shooting down any idea of a delay. Nicaragua's Canal Authority chief Manuel Coronel Kautz recently was quoted as saying work would not start on the Nicaraguan waterway until 2015.

It is the biggest infrastructure project by far attempted under the government of Ortega. And it would have huge strategic value, potentially interrupting commerce in Panama's waterway between the Atlantic and Pacific.

Panama is currently expanding its century-old canal, and the massive project is running behind schedule.

The Panamanian upgrade aims to make that 80-kilometer (50-mile) waterway, which handles five percent of global maritime trade, big enough to handle new cargo ships that can carry 12,000 containers.

That project is costing $5.2 billion, including a third set of locks for the canal which currently welcomes ships that carry up to 5,000 containers.

Feasibility studies are under way in Nicaragua. But it is not yet known how the future canal might be built in mechanical and logistical terms, if it gets a final green light.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TRADE WARS
Target says data breach hit up to 110 mn customers
New York (AFP) Jan 10, 2014
Giant US retailer Target said Friday that up to 110 million customers have had their personal data stolen in a data breach, sharply raising its initial estimate. The number of people affected represented one in three Americans, and the scope of the information stolen was much broader than originally thought, Target admitted. Target initially reported on December 19 that payment card data ... read more


TRADE WARS
Obama sets up quadrennial review of U.S. energy strategy

Li's Power Assets to spin off HK unit

US energy secretary delays India trip amid row

Suburban sprawl cancels carbon footprint savings of dense urban cores

TRADE WARS
Acid mine drainage reduces radioactivity in fracking waste

Oil prices drop after interim Iran nuclear deal

Outside View: Asia's growing coal markets

Tax breaks for fracking firms as UK goes 'all out for shale'

TRADE WARS
German wind farm operator Prokon warns of imminent insolvency

China to Power Ahead as Wind Turbine Rotor Blade Market Leader for Foreseeable Future

Wind Turbines Begin Providing Renewable Energy at Honda Transmission Plant in Ohio

Researchers Find Ways To Minimize Power Grid Disruptions From Wind Power

TRADE WARS
Quantum mechanics explains efficiency of photosynthesis

Ascent Solar To Build CIGS Production Plant In Jiangsu

GS Hong Kong Solar Opens CIGS Plant In China

ConnecTables Solar Charging Stations Offer Sustainable Charging Solution

TRADE WARS
TEPCO to siphon off radioactive water from tunnels under Fukushima plant

S. Korea president eying nuclear business on India trip

UN nuclear experts to visit Iran on Saturday: report

IAEA to support Vietnam's nuclear projects

TRADE WARS
NREL Finds a New Cellulose Digestion Mechanism by a Fast-eating Enzyme

More to biofuel production than yield

Inexpensive technique could drive down costs of biofuel production

York scientists' significant step forward in biofuels quest

TRADE WARS
China launches communications satellite for Bolivia

China's moon rover continues lunar survey after photographing lander

China's Yutu "naps", awakens and explores

Deep space monitoring station abroad imperative

TRADE WARS
Europe squabbling over greenhouse gas targets

Population stability 'hope' in species' response to climate change

'Global sunscreen' plan could wreck tropics: study

Methane hydrates and global warming




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement